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Argo Mined More Bitcoins, Increased Revenue — Despite Network Difficulty

The amount of bitcoin mined daily by Argo Blockchain and the mining company's revenue increased in February.

Last month, the dual-listed blockchain technology company mined 162 bitcoins or equivalents, equating to 5.7 bitcoins per day — an increase of 7% over January's average — it reported in a statement.

Considering February's daily foreign exchange rates and crypto prices, Argo's mining revenue amounted to $3.76 million — an increase over January's $3.42 million.

Argo's statement notes that it was able to see these increases despite a double-digit monthly rise in Bitcoin's average network difficulty.

(By Adam James)

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